The Western Union Company WU was a big mover last session, as the company saw its shares rise more than 5% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $18.80 to $19.59 in the past one-month time frame.
The upside was driven by rumors that the company might adopt a new payment processing blockchain technology from Ripple XRP.
The company has not seen any estimate revisions over the past month and the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Western Union currently has a Zacks Rank #3 (Hold), while its Earnings ESP is positive.
Western Union Company (The) Price
Western Union Company (The) Price | Western Union Company (The) Quote
A better-ranked stock in the Financial Transaction Services industry is FleetCor Technologies, Inc. FLT, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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